LONDON — Iranian forces’ closure of the Strait of Hormuz has sent shockwaves through global trade, with little sign of a break in the deadlock. Here are five ways that experts say commodities could begin moving again through the strait, through which 20 percent of global oil supplies normally pass. US-led military action The most-talked-about option is for the U.S. and willing allies to secure the 167-kilometer-long passage militarily, but it is a mission fraught with difficulties. Some 23 commercial vessels have reported incidents or attacks to the United Kingdom Maritime Trade Operations — a naval monitor — and seafarers fear they could be hit by drones, missiles or sea mines if they try to leave. There are currently two U.S. carrier strike groups — naval formations built around an aircraft carrier — in the region, the “bare minimum number of warships” required for an escort mission, Nick Childs, senior fellow at the IISS, told a seminar convened by the London-based defense think-tank. The leaders of the U.K., France, Germany, Italy, the Netherlands and Japan on Thursday said t
How can Hormuz shipping blockage be solved?
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- How can Hormuz shipping blockage be solved?LONDON — Iranian forces’ closure of the Strait of Hormuz has sent shockwaves through global trade, with little sign of a break in the deadlock. Here are five ways that experts say commodities could begin moving again through the strait, through which 20 percent of global oil supplies normally pass. US-led military action The most-talked-about option is for the U.S.… Read more: How can Hormuz shipping blockage be solved?
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